Dairygold and LacPatrick set May milk prices with nearly 2c/L difference
Both Dairygold and LacPatrick have announced their May milk prices with a difference of almost 2c/L between the two processors.
Dairygold will pay its milk suppliers 32c/L inclusive of 0.5c/L quality bonus and VAT, based on standard constituents of 3.3pc protein and 3.6pc butterfat (for May deliveries), which is an increase of 1.0c/L on April base milk price.
It also announced that the special weather/fodder relief payment of 1c/L no longer applies.
It paid 31c/L (inclusive of 0.5c/L quality bonus and VAT) for April supplies, which in turn was a reduction of 1.0c/L on its March base milk price.
Meanwhile, the board of LacPatrick Dairies met today and set a price for May milk.
Suppliers in Northern Ireland will receive a base price of 26p/litre for milk supplied in May.
Suppliers in the Republic of Ireland will receive a base price of 30.25c/L for milk supplied in May.
It paid its suppliers in the Republic of Ireland 32c/L (including VAT) for milk supplied in April, while its suppliers in Northern Ireland received a price of 26.5p/l. This price for April milk was made up of a base price of 25p/L with a top-up of 1.5p/L.